God’s Financial Blessing

1. God’s Financial Blessing MURANG’A UNIVERSITY OF TECHNOLOGY C.U.

2. God’s Financial Blessing Surrender Everything to God Break from the Power of Money Grow in Giving

3. Levels of Giving LEVEL 1: -- Giving out of obedience/Fear - Malachi 3:8-10 LEVEL 2: -- Giving cheerfully/willingly - 2 Cor 9:6-7 LEVEL 3: -- Sacrificial Giving Giving based on your willing and loving response to God’s grace- 2 Cor 8:2-3; 9:7-8 God needs our TRUST & LOYALTY not money - 1 Kings 17:13-15; Math 26:7 If you want to bless the heart of God, Give & TRUST Him by walking in faith. You fight to make what belongs to God, God’s. You fight to make it holy.

4. God’s Financial Blessing Surrender Everything to God Break from the Power of Money Grow in Giving Fight Greed

5. Signs of greed – Self Assessment Do I view my money and possessions as mine or God’s? -- Matt. 25:14-30; Rom. 14:10, 12 If I knew that I were to die in one year, would I do anything different in my management of God’s resources? Why do I want more money? Am I more concerned about making money than I am about my eternal destiny? What is the source of my security: money or God? How much do I mourn the loss of money and things? Do I cling to my things or am I generous and ready to share? Do I compromise godly character or priorities in the pursuit of making money? Am I prone to get-rich-quick schemes? Am I in bondage to credit cards and debt?

6. God’s Financial Blessing Surrender Everything to God Break from the Power of Money Grow in Giving Fight Greed

7. Needs vs Wants MASLOW’S HIERARCHY OF NEEDS Needs • I must have, you cannot live without Wants • I would like to have, beyond basic necessities of life Examples • Basic - Food, water, shelter • Is a phone a need? • Is a car a need? • Internet OR Laptop?

8. Debt Good debt • Debt incurred towards an investment that will grow in value or generate long-term income. Bad debt Debt incurred to purchase things that: • quickly lose their value • do not generate long-term income and • that have a high interest rate.

9. Debt…..Get OUT!!!!!!! • Stop borrowing • Have budget and long term financial plans • Live within your means - Change your lifestyle. • Laddering – pay off high interest loans first • Extra sources of Income- Passive, side hustles All excess cash to debt

10. Budgeting • How many of us have budgets? • Are the budgets written down? (not in the mind) • Do the budgets balance? • What are the impediments to doing a budget?

11. Budgeting.. Tips • Keep good records of your money - Proverbs 27:23 • List/ track all of your expenses • List/ track all of your incomes • Prioritize your needs • Learn to say “No”! • Top priority items – Tithe and savings

12. Budgeting Tools • Notebook & Pen • MS Excel • Android/iOS Apps • Mint • Personal Capital • Goodbudget • Wally • You Need a Budget (YNAB) • PocketGuard • Mvelopes • PocketGuard • Spendee

13. SAVINGS • Set aside money for the future- Proverbs 21:20 • Learn from the ants - Proverbs 30:24-25 • Gods Wisdom • Know your seasons

14. Savings – Facts • Spend what is left after saving. • Pay yourself first • Put it where you can’t reach it. • Time Is Money • Earn a living or your future? • Manage your money well. • Saving = future passive income. In savings, when you say you can and when you say you can’t…….. both times you are right

15. Research: Kenya Case • Out of 100 people at retirement: • 49 will be dependent on family and charity. • 29 will be dead • 12 will be broke • 5 will still be working • 4 will be financially independent and • 1 will be rich Where will you be?

16. Savings – Read ‘The Richest Man in Babylon’ Book

17. Savings – A Culture……. Aim to save 100% of yoursalary

18. Emergency Funds Ensures your wealth or savings are not wiped out by unexpected events. • Emergency fund – 6 months • Medical insurance • Life insurance • Education policy • Car insurance • Home/ household items cover • Funeral covers

19. Investments-Time Is Your Friend 04 • Example: Kes5,000,000 at 65; 10%yield • Age 25:Kes; 790 permonth • Age 35:Kes; 2,190 permonth • Age 45:Kes; 6,530 permonth • Age 55: Kes 21,410 permonth • “Getting rich is not a function of investing a lot of money; it is a result of investing regularly for long periods oftime.”

20. Savings…… Where tosave? Diversify

21. Investments Types.. Diversify • OwnershipInvestments • Examples- Stocks/Equities, Realestate, REITs, Mutual Funds, ETFs LendingInvestments • Examples-Bonds/Debt Instruments , Bills,Notes • Cash Equivalentsinvestments • Savings accounts,Fixed Deposits, Money Market Funds

22. Investments -- NSE • Products • Exchange Traded Funds (ETFs), • Financial and Commodity Derivatives, • REITS- Real Estate Investment Trusts, • Carbon Credits and • Mobile based products like M-Akiba. • Derivatives contracts • Futures • NEXT - Nairobi Securities Exchange (NSE) derivatives market that facilitates the trading of futures contracts in the Kenyan market. NEXT is regulated by the Capital Markets Authority (CMA). • https://www.nse.co.ke

23. Investments- Unit Trusts Categories of Unit Trusts Money Market - Low risk & return Fixed Income - Middle risk & return Balanced Fund- Middle risk & return Equities – High risk

24. Investments : M-Akiba What is M-Akiba? Interest of 10% annually paid twice a year. Very Affordable: Minimum investment is Ksh.3,000 Exclusively traded through the Mobile Dial *889# to register and buy the bond. www.m-akiba.go.ke Open a CDS account Its FREE. ID copyand two recently taken passport photos. Visit a Central Depostory Agents (CDAs) of choice (Get list: https://www.cdsckenya.com/investor-education/cda-list )

25. Conclusion Proverbs 10:22 The blessing of the LORD, it maketh rich, and he addeth no sorrow with it. To achieve financial sanity, you need Gods blessings and not riches

26. ‘Failing to plan is planning toFail’....... “If it is to be, it is up to me”